Word: tiered
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Dates: during 1980-1989
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...disposal at fire-sale prices to private buyers. The loss to the U.S. owners would be heavy. The impact on South Africa would probably be at least a temporary loss in skilled management and lower profits. But the Pretoria government, long anticipating all possible sanctions, has developed a two-tier exchange rate for the rand, with lower rates on money from the sale of foreign assets, that would minimize its own capital loss in any foreign- business pullout...
...closing gala that night, Wolper will stage a kind of macro-Ed Sullivan show. The production calls for a 20-tier stage, waterfalls, lasers and a cast of 12,000, not counting the thousands in the audience who will participate in a flashlight stunt. Performers include the Statue of Liberty All-American Marching Band, a 476-member consortium from 92 colleges and universities that will have 40 sousaphones and 76 trombones; 300 banjo and fiddle players; an 800-voice chorus; a 250-voice gospel choir; an 850-member drill team; 300 jazzercize dancers; 200 square dancers and 300 tap dancers...
Because so many of the acquisitions are taking place among the largest agencies, a top tier is developing of superheavyweights that are several times as large as most other companies in the industry. Rankings in Advertis- ing Age, a leading trade journal, show that the ten largest U.S. agencies controlled about $27 billion in advertising billings last year. That is nearly 17% of the $162 billion that was spent on ads around the world. The leader was New York City-based Young & Rubicam, with 1985 billings of $3.57 billion, followed by the Ogilvy Group ($3.3 billion), Ted Bates Worldwide...
When Johnson arrived in 1978, he says, the school was still regarded "as a second-tier institution, with no cohesiveness and notable for its can't-haves. We weren't allowed a law school or a program for doctorates." GM now has both. And Johnson vows there will be more where all this uplift has come from. "We will reach the level of Carnegie-Mellon in eight years," he says. "We will soon be a national university...
Rather than head to the major junior A team, however, Blair chose college--and thus a Tier II junior A club for his final year in high school. He turned down Hamilton, his local squad, and moved to Guelph, Ont., to play with one of the most highly regarded junior A clubs in Canada...